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Big movement expected on AUD/USD after a breach of 0.6867

AUD/USD has broken through a line of 0.6867 and suggests a possible movement to 0.6903 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.

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JPN225 is quickly approaching 23885.0000. We expect either a breakout through this line, or a rebound.

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